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Over £1m a year to mobilise UK’s social entrepreneurs

Our vision is to build a force of community entrepreneurs who will unleash the potential for people powered change in their communities, leading initiatives that bring business skills and social aims together to lift the fortunes of hundreds of thousands of people.

Alastair Wilson, CEO, School for Social Entrepreneurs

The School for Social Entrepreneurs is mobilising an army of entrepreneurs across the UK, thanks to £1m a year from Lloyds Banking Group. Tim West spoke to Lloyds' Community & Sustainable Business Director Paul Turner on video about the programme and why the bank is involved.

A growing movement of community entrepreneurs will be equipped with the tools to change hundreds of thousands of people’s lives across the UK in a five-year programme launching today.

Each year 150 inspiring individuals across eight locations will share over £1m in funded training and grants through their local School for Social Entrepreneurs (SSE).

The Lloyds Banking Group Social Entrepreneurs Programme has been made possible thanks to a major funding commitment from Lloyds Banking Group and additional investment from Nominet Trust.

Simon Hughes MP will help get the recruitment drive underway at a special launch reception at the House of Lords this afternoon. He said: 'I am very pleased to support the launch of the Lloyds Banking Group Social Entrepreneurs Programme. This programme has the potential to empower many individuals around the country to develop lasting solutions to poverty and disadvantage in their communities.'

Alastair Wilson, Chief Executive of the School for Social Entrepreneurs, said: 'To tackle the huge social and environmental challenges that we face today, we need to recruit inspirational people with entrepreneurial flair from our communities – and give them the best tools to succeed.

'This is about real people striving to make a difference in real places. Social change doesn’t happen by itself. It needs action, organisation and leadership in those communities.

'Our vision is to build a force of community entrepreneurs who will unleash the potential for people powered change in their communities, leading initiatives that bring business skills and social aims together to lift the fortunes of hundreds of thousands of people.'

Paul Turner, Community and Sustainable Business Director at Lloyds Banking Group, said: 'Through our branches and businesses, Lloyds Banking Group has the potential to touch every family and community in the UK – helping them thrive is the cornerstone of our Community Investment Programme.

'Social entrepreneurs, with the right support and funding, have the passion, foresight and drive to become a powerful force for change and make a visible and long-lasting difference in their local area.'

Annika Small, CEO of Nominet Trust, a UK-based social investor that brings together and supports people committed to using digital technologies to make society better, commented: 'We’re keen to encourage entrepreneurs to make imaginative use of digital technology to design new approaches to big social challenges. In the same way that the internet has transformed communications, retail and work, we believe it can support radically new, more effective solutions to long-standing social problems and improve lives and communities.

'As the UK’s leading social investor in this space, we hope that successful graduates from this programme will work with us to scale up their initiatives.'

Video interview with Paul Turner:

What is the scheme about?

The Lloyds Banking Group Social Entrepreneurs Programme opens for applications today, 26 April. Applications will close on 25 May and delivery will begin in October 2012.

The programme will support 150 social entrepreneurs each year, for five years, with comprehensive support from the SSE through its innovative ‘action learning’ programmes, plus grants of £4,000 and £15,000 and an annual £25,000 award:

130 ‘Start Up’ awards: grants of £4,000, a place on a Start Up SSE learning programme delivered in eight UK locations and access to networks and continued alumni support following their completion of the programme

20 ‘Scale Up’ awards: grants of £15,000 and a place on a Scale Up SSE learning programme delivered at SSE headquarters in London, plus access to networks and continued alumni support following their completion of the programme; and

1 ‘Lloyds Banking Group Social Entrepreneur of the year’ award, given to a Scale Up applicant who demonstrates outstanding potential. The award includes a place on the National Scale Up SSE learning programme, access to networks and continued alumni support following their completion of the programme and a grant of £25,000 to scale their organisation.

The training will be delivered by SSE’s eight franchise schools in the following locations: London, Yorkshire and Humber, North West, Bristol, East of England, Cornwall, Hampshire and Scotland.

Since 1997, SSE’s participants have a 20% higher survival rate compared with traditional businesses, according to an independent report. The research also suggests that the programme could benefit more than 800,000 people and generate up to 2,500 jobs with a value of £11m.

Junior Smart, founder of SOS Gangs Project, an award-winning organisation that helps young offenders move their lives forward, said: 'I used to be seen as an ex-offender but now I’m an entrepreneur and a youth leader, thanks to the skills I gained from the SSE.'

Jacquie Johnston-Lynch, who founded The Brink, a non-alcoholic bar in Liverpool that helps people recovering from addiction, said: 'The SSE boosted my sense of self and helped my organisation to give the community a real boost – touching the lives of many, many people.'

The Good Deals Pioneers Fund is offering a significant cash investment and an estimated £50,000 business support via the Young Foundation's Accelerator programme. The closing date for applications is Friday 26 October – get involved now to kick-start your start venture.

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